Key Takeaways.
As a result of Elon's acquisition of Twitter, Sam Bankman-Fried might profit by more than $100 million.
The Block estimates that Fried presently owns 0.1% to 0.2% of Twitter.
Bankman-Fried Could Receive $100 Million From Musk's Purchase of Twitter: The Block
Sam Bankman-Fried may gain over $100 million as a result of Elon's takeover of Twitter, according to news from The Block.
According to a The Block story from an inside guarded well-informed source, Sam Bankman-Fried, the executive officer of FTX, had up to $100 million in Twitter stock valued before the deal concluded last week.
The Block received no reaction from FTX, and a request for a statement from Twitter was not answered.
According to The Block, Musk spent $44 billion for Twitter, which would place Bankman-ownership Fried's at 0.1% to 0.2%.
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